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16 Asia-Pacific countries, including China, India and Japan, may form world's largest trading bloc - Axios
14-18 minutes
Ministers representing 16 Asian-Pacific countries — including China, India, Australia and Japan — that make up a third of the global economy and half of the world's population met in Tokyo Sunday to discuss forming the world's largest trading bloc, reports Bloomberg.
Why it matters: These discussions come as President Trump is alienating allies and adversaries alike with tariffs and threats of an all-out global trade war. Trump's moves has also fostered an unlikely friendship between Asian giants China and Japan as the two hedge against uncertain U.S. foreign policy.
“The path toward a year-end agreement is now clearer … As protectionism concerns increase globally, it’s important that the Asian region flies the flag of free trade.”
— Hiroshige Seko, Japan’s trade minister
The details: Bloomberg reports that the countries’ leaders were hopeful that a deal could be signed by the end of the year. The full list of nations — called the Regional Comprehensive Economic Partnership — includes Australia, China, India, Japan, South Korea, New Zealand. Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
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EU reportedly warns of new tariffs worth $300 billion if Trump targets automakers
16 Asia-Pacific countries, including China, India and Japan, may form world's largest trading bloc - Axios
14-18 minutes
Ministers representing 16 Asian-Pacific countries — including China, India, Australia and Japan — that make up a third of the global economy and half of the world's population met in Tokyo Sunday to discuss forming the world's largest trading bloc, reports Bloomberg.
Why it matters: These discussions come as President Trump is alienating allies and adversaries alike with tariffs and threats of an all-out global trade war. Trump's moves has also fostered an unlikely friendship between Asian giants China and Japan as the two hedge against uncertain U.S. foreign policy.
“The path toward a year-end agreement is now clearer … As protectionism concerns increase globally, it’s important that the Asian region flies the flag of free trade.”
— Hiroshige Seko, Japan’s trade minister
The details: Bloomberg reports that the countries’ leaders were hopeful that a deal could be signed by the end of the year. The full list of nations — called the Regional Comprehensive Economic Partnership — includes Australia, China, India, Japan, South Korea, New Zealand. Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
Code:
https://www.axios.com/asian-trading-bloc-trump-trade-war-china-india-japan-000325a4-302f-46e3-931e-3072bcbbdd40.html------------------
EU reportedly warns of new tariffs worth $300 billion if Trump targets automakers
- The EU set out clear plans to respond to potential U.S. duties on European cars.
- European leaders are getting more convinced that President Trump will put new tariffs on European cars.
Code:
https://www.cnbc.com/2018/07/02/eu-warns-of-new-tariffs-worth-300-billion-if-trump-targets-automakers.html
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Give up Kashmir and Iran-Pakistan , oil & gas line can expand to india
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